Tuesday, November 7, 2017

Time for consolidation

 Time for consolidation
Trading Range of Nifty 10400 to 10500

Market Outlook
Market are continue up side with choppiness.   Overall trend is bullish and any weakness or dip to buying opportunity.  Present trading range of Nifty 10370 to 10500, break out this range will move another 200  + points.
Crypto Currency
Now support nearly 70000 $ watch out.
Nifty Spot
Support nearly 10400-10380 hold these level bounce back towards 10480 10500, thereafter big short covering likely.
Nifty Future
Support 10410-10400, resistance 10490,crossover more up side towards 10510 10550
Bank Nifty Future
Decent support 25500 25400, resistance 25750 crossover sharp movetowards 25800 25900  +.
PSU  BANK
INDEX
Trend is very bullish and decline to buy side with consider support 3950, holding above 4050  more up side towards 4100 4200 in short term.
Pharma Index
After  sharp move and tested 10000 mark some profit booking seen in the market, however, Aurbindo Pharma, Biocon, Wockhard looks good and buy side.
Metal Index
After profit booking at higher level support also seen at lower level with consider support 3900, resistance 4000  watch out.

OPEN INTEREST ANALYSIS

 Titan long side 5.77 lacs, DHFL  - short side 27 lacs, Arvind Mills long side 5 lacs, Century Texitile long unwinding , Cipla long side 3 lacs, LT, short covering 1.67 lacs, BOB long side 17.71 lacs , wockchard long side 8.86 lacs



Our Call – Intra Day and Positional  -Future
Titan
Long call at 650  stop loss 630 target 710 750.  Sold at 780.  Profit Rs.  1.95 lacs per one lot
AB Capital
Buy above 192 target 210   achieved.   Once crossover……………..more buy for upper freeze.
UPL
Buy call at 782  stop loss 780   - stop loss triggered with a loss of Rs. 3000
DP Abhushan
Buy call at 35 +   freeze at 40.80  -  Minimum buying 4000. Total profit more than Rs. 40000.00
Tata Motor
Buy call above 445  target 465 470  - achieved
Tata DVR
Buy call above 247 target 260  - achieved
Indian Bank
Advise to buy above 325 and more added above 345 target 370 – all target achieved.
Ashok Leyland
Buy call at 126   and holding for target …………………

OPTION CALL STRATEGY
Nifty 10500
Buy call at 80  target 120 130  - booked at 120   +
Titan (Premium Call)
Buy 660 call at 25  + stop loss 15 target 50   to 60   - sold at 140.. Profit Rs. 172500/-
Ciipal
Buy call……………..?

Our Delivery & Portfolio Call  -
ONGC
Buy at 150  -    high 200
IRB
Buy call at 210 – booked profit at 250
SBI
Buy call at 250   high 350
BOB
Buy call at 137  - Triple bottom formation – high 200
GSFC
Delivery call at 150  +
GAIL
Delivery call at 350 and more added above 420 – Our target 750-1000 for long term investors.
PNB
Buy call at 142    - high 230  -   holding continue.
Can Bank
Buy call at 300  - worst is over… high 463- fully booked
LT
Buy call at 1150 booked at 1240  
AB Capital
Buy call at 200 and more  added at 175 – holding long Target  ?
Tata Motor
Buy call at 370  - holding continue
RK Forge
Buy call at 400 +  high 800
DHFL
Buy call at 530  - high 650
Ashok Leyland
Buy call at 100 and more added 112  - high 132
M&M Finance
Buy call at 400 – holding

WINNING CALL  - YESTERDAY
UPL
Buy at 782 stop loss 780 target 790  - Stop Loss Triggered with a loss of Rs. 3000/-



BTST/STBT CALL  - YESTERDAY
ICICI Bank
Buy call at 315  exit 318   +
Sun Pharma
Stop Loss triggered.
Cipla
Buy call at 655 +

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